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The Ramsey Show Highlights

My Brother Has Stolen Over $100,000 From My Parents

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 28 January 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.8

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0:08.6

It's recently come to my attention that my oldest brother has been stealing money from my parents.

0:14.4

What started off as borrowing gas money has turned into lying his way into a massive car loan in my mom's name,

0:22.9

stealing credit cards without my parents' knowledge. And so my parents have more than $100,000 in debt

0:30.1

now. And that's not even including their mortgage. They're both almost in their 70s. My mom's on

0:35.6

disability. My dad has 40,000 in his 401k, and they think

0:39.8

that's a lot. And I'm just, I just don't see a way that he's ever going to be able to retire.

0:44.4

And I understand that me and my life are not financially responsible for them, but I'm trying

0:49.5

to walk through this with them, but I'm no expert. And every time I learn more about their financial

0:55.1

situation, I see less and less of a solution other than bankruptcy. And so what should I tell

1:00.2

them to do? Yeah, so two different paths. I mean, if you're going to go like full on, he has

1:06.2

stolen. Did he forge signatures like for the car loan? How did that happen? So from what I could gather, it seems like he's lying to my mom on what she is signing and then gets her to sign something without her reading what it actually is. Well, crap, because I was going to say... So they took this to court. They'd be like, ma'am, that's your signature, right? And she's like, yeah. But I just didn't read the document.

1:28.2

And that's her fault.

1:29.7

I mean, to a degree.

1:45.0

I mean, do you know what I'm saying? Like, there's a level of responsibility that she did not take. I mean, it's really elder abuse is what this is. That's probably your best case is fraud and elder abuse. Yeah, if they would, yeah, if they would take legal action, that's what it would be.

1:47.3

But I'm scared for a court. I don't know. Fraud and elder abuse. Yeah, if they would, yeah, if they would take legal action, that's what it would be.

2:01.7

But I'm scared for, I don't know. Yeah, I mean, first, I would freeze their credit yesterday so that no more accounts can be open. I already did all that. I would also contact every lender on that credit report and say, hey, this was fraud, this is elder abuse. this guy took out all of these loans without the permission, you know, he basically coaxed them into it. And so then we go from there. I mean,

2:07.8

do they still have contact with this brother? Do they know about this?

2:14.0

They know about it. My mom just had a stroke last week so this is all adding to it so

2:19.1

my god phil this dude is like the scumburger of all scum burgers to this to his own parents

2:25.5

yeah and yeah and we're trying to find him right now he's he's been on crystal meth before so i'm

...

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